Foreclosure Strategies
May 10 2018
The best way to deal with a foreclosure is to take aggressive legal action when the foreclosure laws... [Read More...]
January 11, 2013 By
Chris Tucker
Chris Tucker is a comedian. He owned a property called Bella Collina in Lake County, Florida. SunTrust bank, in October of 2012, brought a foreclosure proceeding against Mr. Tucker. In this proceeding, the bank alleged that he owed $4.5 million. Mr. Tucker bought the house when the real estate market in Florida was still high. In the end, he was able to sell the house in a short sale. It has also been reported that Mr. Tucker is indebted to the IRS for $11.5 million related to back taxes.
Rhianna
Rhianna is a singer. She owns a home located at Janus Place in Beverly Hills, California. Her home is approximately 8500 square feet. She purchased the home for approximately 7 million dollars in 2009. Shortly after purchasing the house, there was a flood which caused “extensive damage” to the home. It had been listed for sale for $4.5 million. Rhianna has defaulted on making the payments on her mortgage. She has requested the home be sold in a short sale.
Burt Reynolds
Burt Reynolds owned a home in Hobe Sound, Florida. He was more than two years behind on his home payments. It is estimated that his mortgage payments were over a million dollars behind. He seeks to sell the home in a short sale for approximately five million dollars. It is estimated that he paid over $15 million for the house when the real estate market in Florida was much stronger. The house is a waterfront piece of property and has approximately 13,000 square feet of living space. In addition, he has a helipad and a docking area for his yacht.
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